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Oct 7, 2013
10/13
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so, were the deficits hurting us? not always. had weearned to like deficits? no. but could we live with them? we learned to. for "economics u$a," i'm david schoumacher. nenberg media ♪ for information about this and other annenberg media programs call 1-800-learner and visit us at www.learner.org.
so, were the deficits hurting us? not always. had weearned to like deficits? no. but could we live with them? we learned to. for "economics u$a," i'm david schoumacher. nenberg media ♪ for information about this and other annenberg media programs call 1-800-learner and visit us at www.learner.org.
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Mar 10, 2014
03/14
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so, were the deficits hurting us? not always. had we learned to like deficits? no. but could we live with them? we learned to. for "economics u$a," i'm david schoumacher. annenberg media ♪ for information about this and other annenberg media programs call 1-800-learner and visit us at www.learner.org. hasyou look healthyd, "you and you feel fine, health"? but that may not be the full picture. colorectal cancer is the number two cancer killer. it doesn't always cause symptoms, but it can be prevented. get screened. make sure you are the picture of health.
so, were the deficits hurting us? not always. had we learned to like deficits? no. but could we live with them? we learned to. for "economics u$a," i'm david schoumacher. annenberg media ♪ for information about this and other annenberg media programs call 1-800-learner and visit us at www.learner.org. hasyou look healthyd, "you and you feel fine, health"? but that may not be the full picture. colorectal cancer is the number two cancer killer. it doesn't always cause...
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Mar 9, 2015
03/15
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so, were the deficits hurting us? not always. had weearned to like deficits? no. but could we live with them? we learned to. for "economics u$a," i'm david schoumacher. nenberg media ♪ for information about this and other annenberg media programs call 1-800-learner and visit us at www.learner.org. ♪ meet cathy, who's lived most everywhere, from zanzibar to barclay square. but patty's only seen the sight, a girl can see from brooklyn heights, what a crazy pair! ♪ cathy: oh my, patty. did you find all your files? patty: finally! who knew it would be this much work when richard and i decided to retire! cathy: well, what are you going to do first? patty: we're heading down to brooklyn heights and start in on that social security paperwork. cathy: why would you do that? patty: what do you mean? cathy: it's so much easier to log onto socialsecurity.gov and file online. patty: what if i need to know how much money i'll be getting? cathy: online. patty: what if our address changes? cathy: online. patty: what if i want medicare too? cathy: online. patty: so, how did
so, were the deficits hurting us? not always. had weearned to like deficits? no. but could we live with them? we learned to. for "economics u$a," i'm david schoumacher. nenberg media ♪ for information about this and other annenberg media programs call 1-800-learner and visit us at www.learner.org. ♪ meet cathy, who's lived most everywhere, from zanzibar to barclay square. but patty's only seen the sight, a girl can see from brooklyn heights, what a crazy pair! ♪ cathy: oh my,...
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Mar 16, 2015
03/15
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budget deficit. many politicians began to argue for trade barriers to keep out the flood of imports. the reagan administration resisted this approach. all economists-- i'd say 99.9% of economists-- believe we all gain from free trade. this administration believes we gain from free trade. therefore we are not going to lead the world down a protectionist road which will reduce our standard of living and reduce standards of living abroad. in may 1985, heads of state of the free world's industrial nations met in a summit in bonn, west germany, trying to resolve differences in economic policy. europeans and the japanese urged the u.s. to control its budget deficit. we urged them to expand their economies to create markets for american goods. no firm decisions were made, but international cooperation remains a promising economic approach. beryl sprinkel speaks for the reagan administration. when governments recognize a particular set of policies are in their interest, they're very likely to move in that di
budget deficit. many politicians began to argue for trade barriers to keep out the flood of imports. the reagan administration resisted this approach. all economists-- i'd say 99.9% of economists-- believe we all gain from free trade. this administration believes we gain from free trade. therefore we are not going to lead the world down a protectionist road which will reduce our standard of living and reduce standards of living abroad. in may 1985, heads of state of the free world's industrial...
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Mar 17, 2014
03/14
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budget deficit. many politicians began to argue for trade barriers to keep out the flood of imports. the reagan administration resisted this approach. all economists-- i'd say 99.9% of economists-- believe we all gain from free trade. this administration believes we gain from free trade. therefore we are not going to lead the world down a protectionist road which will reduce our standard of living and reduce standards of living abroad. in may 1985, heads of state of the free world's industrial nations met in a summit in bonn, west germany, trying to resolve differences in economic policy. europeans and the japanese urged the u.s. to control its budget deficit. we urged them to expand their economies to create markets for american goods. no firm decisions were made, but international cooperation remains a promising economic approach. beryl sprinkel speaks for the reagan administration. when governments recognize a particular set of policies are in their interest, they're very likely to move in that di
budget deficit. many politicians began to argue for trade barriers to keep out the flood of imports. the reagan administration resisted this approach. all economists-- i'd say 99.9% of economists-- believe we all gain from free trade. this administration believes we gain from free trade. therefore we are not going to lead the world down a protectionist road which will reduce our standard of living and reduce standards of living abroad. in may 1985, heads of state of the free world's industrial...
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3.0
Aug 8, 2023
08/23
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on top of that, we have an entrenched deficit. every year, all the time, it's spending exceeds its revenues. and i think, from the way i read a statement, it was the entrenched deficit that is more concerning than the debt. >> let's move the conversation on. 2011, standards and poles downgraded in the u.s.. there was panic. thanks moved to usa, there has been no panic this time. there's been no major moves. everyone has got on with it. what's going on? at the end of the day is it china and japan, by most of america's debt -- buying most of america's debt. this whole scenario about the strength of the dollar? >> well, like the big four accounting firms, there are the big three in terms of rating agencies. two have maintained their aaa ratings. it will not matter if, for any reason, one of the other rating agencies downgrades the u.s., then it starts to matter. because it is a signal. a lot of contracts require that at least two rating agencies rate a bond at a certain level. if somebody wants absolute safety they will say, we need
on top of that, we have an entrenched deficit. every year, all the time, it's spending exceeds its revenues. and i think, from the way i read a statement, it was the entrenched deficit that is more concerning than the debt. >> let's move the conversation on. 2011, standards and poles downgraded in the u.s.. there was panic. thanks moved to usa, there has been no panic this time. there's been no major moves. everyone has got on with it. what's going on? at the end of the day is it china...
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Jan 2, 2013
01/13
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the republicans want to do this not because of the deficit -- the deficit is coming down as a fraction of gdp. it is not caused by social security. it is caused by the downturn, the bush tax cuts, and the wars. that is the first thing. there is no danger of the united states becoming greece. that is another fraudulent metaphor. the u.s. has no problem financing its deficit. the only problem it has financing its deficit are republicans who threatened to hold up the debt ceiling. spending will increase because the size of the economy is increasing. the size of federal spending will then increase. but republicans are basically back in the 19th century. they're not accepting the 20th century happened. they're not accepting the role of the modern welfare state. i think as paul krugman noted a little while ago, and is obviouv to most economists, this is a good time to be running deficits not just for the standard reasons, the economy is weak and and have a lot of people unemployed, but because the cost of borrowing is so low. it is historic fleet low. it is a good time to borrow money, but t
the republicans want to do this not because of the deficit -- the deficit is coming down as a fraction of gdp. it is not caused by social security. it is caused by the downturn, the bush tax cuts, and the wars. that is the first thing. there is no danger of the united states becoming greece. that is another fraudulent metaphor. the u.s. has no problem financing its deficit. the only problem it has financing its deficit are republicans who threatened to hold up the debt ceiling. spending will...
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Dec 17, 2013
12/13
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that hed rather odd would be on a drug for attention deficit disorder. he seemed like the last person , to would be on those drugs achieve what he is achieved and have that type of issue. from what he shared with me and what i understand is it seemed in his particular case he may have been given it to somehow boost his confidence or for some other reason. i found it all a bit odd. i noticed in the summer on vacation in new hampshire he was having these huge affects with the best way to describe it, these woosh affects. he would get this anxiety and he said it was due to the timely see was on. his doctors were paying attention to it and working it out. the problem is, when you are -- when your kids go off to college in turn 18, you're no longer involved in their care. even though i requested or made a request, would you mind if i spoke with the person treating you? he checked into it and they said, no, does not really necessary. that is what he told me. smg was under great care. he was at harvard. a wonderful institution. he was prescribed a couple of the
that hed rather odd would be on a drug for attention deficit disorder. he seemed like the last person , to would be on those drugs achieve what he is achieved and have that type of issue. from what he shared with me and what i understand is it seemed in his particular case he may have been given it to somehow boost his confidence or for some other reason. i found it all a bit odd. i noticed in the summer on vacation in new hampshire he was having these huge affects with the best way to describe...
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Apr 28, 2017
04/17
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how does this square with deficit hawks in conongress? >> we have noticed the deficit hawks, u unfortunatelyly, susped their convictions in favor of a tax cut. i was s reading cocomments frome of my republican colleleagues wo says he is a deficit hawk. he says we have to endure the pain of a deficit. the "weak" turns out to be the market people. the benefit goes to the very wealthy. here.is hypocrisy it does s not work. i think the interesting thing for me is thatt i think progressives have to be concerned about this deficit because it serves s to become a tool, an argument after the deficit goes up as a result of these unpaid for tax cuts. there is enormous pressure to bring down spending on all of those things that middle-class america needs, including infrastructure and job-creating opportunities. y the way, there's another -- amy: i want to ask you -- >> i was just going to say, donald trump -- i will stop. i'm sorry. go ahead. amy: n no, go ahead.. >>>> what i i'm noticing the fit 100 days is something that is kind of puzzling. donal
how does this square with deficit hawks in conongress? >> we have noticed the deficit hawks, u unfortunatelyly, susped their convictions in favor of a tax cut. i was s reading cocomments frome of my republican colleleagues wo says he is a deficit hawk. he says we have to endure the pain of a deficit. the "weak" turns out to be the market people. the benefit goes to the very wealthy. here.is hypocrisy it does s not work. i think the interesting thing for me is thatt i think...
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Jan 5, 2018
01/18
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trade deficit with china. president trump: both the united states and china will have a more prosperous future if we can achieve a level economic playing field. right now, unfortunately, it is a very one-sided and unfair one. reporter: not much has changed since this speech in november. some economists say that is because u.s. president trump's argument is flawed. they argue countries like china are not to blame for the trade deficit, rather u.s. consumers. americans consume more than they themselves produce. the latest u.s. trade stats may be a c case of weight. even with a weaker dollar and on the back of higher exports, americans still appear to be spending more on foreign goods. analyst: covering the story for us is our man on wall street. jens, trump has spoken in the past about punitive measures. is he likely to now follow through? jens: the u.s. president cannot force his population to buy fewer foreign goods. the administration has already taken some measures. we have seen huge tariffs on a number of i
trade deficit with china. president trump: both the united states and china will have a more prosperous future if we can achieve a level economic playing field. right now, unfortunately, it is a very one-sided and unfair one. reporter: not much has changed since this speech in november. some economists say that is because u.s. president trump's argument is flawed. they argue countries like china are not to blame for the trade deficit, rather u.s. consumers. americans consume more than they...
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Aug 17, 2017
08/17
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create trade deficits. it also created -- associated with trade surpluses. canada for example, the u.s. has a trade surplus with canada and the deficit with mexico and we know that the relation between tradedeficit, bilateral deficit and employment is basically nonexistent. i think there's a lot of wrong assumptions in this document. the claim that the u.s. has one sidedly lost from the deal is just wrong in the sense that the united states consumers have benefited. , theanufacturing sector manufacturing sector has benefited from breaking up the value and shifting some production to mexico. some production to canada. and globally the u.s. industry has become more competitive thanks to breaking up the value chain. >> what would you say are likely to be the main sticking points? i think there's a number of big sticking point. the wrong assumptions are already a difficult start because it makes it very difficult to negotiate based on wrong assumptions. i think important sticking points are how to deal with int
create trade deficits. it also created -- associated with trade surpluses. canada for example, the u.s. has a trade surplus with canada and the deficit with mexico and we know that the relation between tradedeficit, bilateral deficit and employment is basically nonexistent. i think there's a lot of wrong assumptions in this document. the claim that the u.s. has one sidedly lost from the deal is just wrong in the sense that the united states consumers have benefited. , theanufacturing sector...
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Apr 8, 2022
04/22
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as it is a deficit. so that's the first poi if the government runs a deficit let's say it spends a hundred llarsnto the u. s. economy but itnly taxes ninety dollars bac out. with a label at aovernment defit but what we forget is that the deficit is making a ten dollar deposit into some part of the onomy. tha ten dollars is a surplus in some other part of our economy and the reality is the national debt. is nothing more than a historical record. of all of the dollars the government spent into the economy and did not tax back. that are crently. being seen. in the- of u. s. it's part of our well if you're lucky enough to own some of these things the part of your wealth are your savings. you don't owe someone something you own something. it could be done today you know after the elections are going to be another government that has a different color and then wants to do other things now baby that is democra want to spend more money on. education healthcare whatever thingshat they think are necessary. but the
as it is a deficit. so that's the first poi if the government runs a deficit let's say it spends a hundred llarsnto the u. s. economy but itnly taxes ninety dollars bac out. with a label at aovernment defit but what we forget is that the deficit is making a ten dollar deposit into some part of the onomy. tha ten dollars is a surplus in some other part of our economy and the reality is the national debt. is nothing more than a historical record. of all of the dollars the government spent into...
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Jul 12, 2016
07/16
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the two countries have failed to take effective action to reduce public deficits. eurozone countries are supposed to limit deficits to 3% of those domestic product. portugal was expected to bring its deficit in line this year but it is currently not on track to meet it. in a less ditch effort, the finance minister has offered to raise taxes. reporter: ministers meeting in brussels agreed spain and portugal have not taken enough action to take care of deficits. both have been above 3% levels for years now and it is now up to them to avert potential tensions. >> the first next step is for the spanish and portuguese governments to send a letter to the commission to react to the threat of sanctions. i hope that will be an offensive letter and not a decent letter, meaning they need to outline what steps they would take. if that is a good offensive approach, we hope that will help when the commission talks about the sanctions. reporter: spain's ministers for economic affairs as they believe they would he given an exemption to bring its deficit into line. if spain and por
the two countries have failed to take effective action to reduce public deficits. eurozone countries are supposed to limit deficits to 3% of those domestic product. portugal was expected to bring its deficit in line this year but it is currently not on track to meet it. in a less ditch effort, the finance minister has offered to raise taxes. reporter: ministers meeting in brussels agreed spain and portugal have not taken enough action to take care of deficits. both have been above 3% levels for...
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Dec 25, 2012
12/12
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>> attention deficit hyperactivity disorder. and there are about half-a- million kids in this country receiving heavy-duty anti- psychotic medications, medications such as are usually given to adult schizophrenics to regulate their hallucinations. but in this case, children are getting it to control their behavior. so what we have is a massive social experiment of the chemical control of children's behavior, with no idea of the long-term consequences of these heavy-duty anti-psychotics on kids. and i know that canadians statistics just last week showed that within last five years, 43 there's been a 43 percent increase in the rate of dispensing of stimulant prescriptions for add or adhd, and most of these are going to boys. in other words, what we're seeing is an unprecedented burgeoning of the diagnosis. and i should say, really, i'm talking about, more broadly speaking, what i would call the destruction of american childhood, because add is just a template, or it's just an example of what's going on. in fact, according to a rec
>> attention deficit hyperactivity disorder. and there are about half-a- million kids in this country receiving heavy-duty anti- psychotic medications, medications such as are usually given to adult schizophrenics to regulate their hallucinations. but in this case, children are getting it to control their behavior. so what we have is a massive social experiment of the chemical control of children's behavior, with no idea of the long-term consequences of these heavy-duty anti-psychotics on...
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Jan 27, 2014
01/14
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third consecutive annual deficit. the previous record was $68 billion in 2012. imports grew to $797 billion, up 15% year-on-year in yen terms. the weaker yen raised the cost of imported crude oil and liquefied natural gas for thermal power generation. japanese also bought more smartphones from china and taiwan. shipments to the u.s. helped drive exports up 9.5% to $684 billion. but the pace of exports increased slower than imports. analysts say electronicsmakers are not taking up the slack, as they did in the past. this is because manufacturers have moved much of their production bases overseas. toshiba now makes 96% of its refrigerators, washing machines and other home appliances outside japan. that's up from 66% seven years ago. company imports most of the home appliances it sells in japan. and analysts predict that the trade balance is likely to remain in the red for some time to come. hideo kumano is one of them. he's an executive chief economist at day each chi life research. he has shared his insight on the impa
third consecutive annual deficit. the previous record was $68 billion in 2012. imports grew to $797 billion, up 15% year-on-year in yen terms. the weaker yen raised the cost of imported crude oil and liquefied natural gas for thermal power generation. japanese also bought more smartphones from china and taiwan. shipments to the u.s. helped drive exports up 9.5% to $684 billion. but the pace of exports increased slower than imports. analysts say electronicsmakers are not taking up the slack, as...
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Nov 29, 2013
11/13
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deficit has swelled to more than $220 billion. the government had set a goal of cutting the deficit by $39 billion in fiscal 2014 and 2015. the budget deficit is the gap between tax revenue and spending. in the report, it says japan faces a critical budget situation and called for more streamlining of social security expenditures and tax allocations in next year's budget. >>> well, some folks in the u.s. got a jump on things following thanksgiving dinner. the year-end shopping season is in full swing in the u.s. this year many stores started holiday sales earlier than usual to attract holiday shoppers. ♪ and a major toy store in new york's times square began sales on thursday evening instead of waiting until the so-called black friday. in the u.s., the shopping season usually kicks off on friday following thanksgiving. black friday means that all shops make money and go into the black. stores are getting an early start also because of competition with online shops. the retailers are setting prices lower than last year. >> i coul
deficit has swelled to more than $220 billion. the government had set a goal of cutting the deficit by $39 billion in fiscal 2014 and 2015. the budget deficit is the gap between tax revenue and spending. in the report, it says japan faces a critical budget situation and called for more streamlining of social security expenditures and tax allocations in next year's budget. >>> well, some folks in the u.s. got a jump on things following thanksgiving dinner. the year-end shopping season...
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May 24, 2013
05/13
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he goes on to talk about attention deficit disorder. he wrote a book called "scattered" about what you should know about attention deficit disorder and he talks about the drugging of children. where we areok is going to start, where he talks about the patients he has worked with for so many years. >> hard-core drug addicts that i treat, according to studies, without exception, leave extraordinary lives. the commonality is child abuse. these people all enter life under extremely adverse circumstances. not only did they not get with a need for healthy development, but you have negative circumstances of neglect i do not know a single female patient who was not sexually abused, for example, males who were neglected or abandoned. that is what sets up the addiction. the addiction is psychological in terms of emotional pain relief and neurological development too early adversity. >> what does the title of your book mean, the realm of hungry ghosts? >> it is a boost phrase. there are a number of cycles in the human being. the motionar, rage, th
he goes on to talk about attention deficit disorder. he wrote a book called "scattered" about what you should know about attention deficit disorder and he talks about the drugging of children. where we areok is going to start, where he talks about the patients he has worked with for so many years. >> hard-core drug addicts that i treat, according to studies, without exception, leave extraordinary lives. the commonality is child abuse. these people all enter life under extremely...
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Jul 7, 2016
07/16
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portugal was required to cut its deficit to 2.5% of gdp in 2015, but instead had a 4.4% deficit. but both countries could be granted more time and escape sanctions if they are able to prove exceptional economic circumstances led to their pre dicaments. reporter: french yogurt maker danone agreed to make u.s. -- to buy u.s. company whiteewave for $10 billion, enabling danone to cement its foothold in the u.s. health food market. shareholders and regulators are expected to approve the deal by the end of the year. let's talk now to jose, who has more of this from wall street. why has danone chosen whitewave? reporter: well, it seems that it is a match made in heaven, if you like yogurt and soy milk. not only does it increase the presence of danone in the u.s. market, but it will help them gain consumers by adding whitewave's popular health food offerings. this seems to be a good strategy to deal with other challenges in markets like brazil, for example. unlike many large food companies, sales of most whitewave products are growing right now by double-digit percentages, and the combi
portugal was required to cut its deficit to 2.5% of gdp in 2015, but instead had a 4.4% deficit. but both countries could be granted more time and escape sanctions if they are able to prove exceptional economic circumstances led to their pre dicaments. reporter: french yogurt maker danone agreed to make u.s. -- to buy u.s. company whiteewave for $10 billion, enabling danone to cement its foothold in the u.s. health food market. shareholders and regulators are expected to approve the deal by the...
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0.0
Apr 20, 2023
04/23
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the deficit was more than 750 billion yen in the month. japan's trade balance has now been in the red for 20 straight months. now, one economist says japan will probably continue to have wide trade deficits. >> translator: there has been a lull in the impact of higher resource costs and the weaker yen. import prices are declining, and those effects are diminishing. slow downs in overseas economies mainly in the united states and europe are widely expected, so i think exports will remain sluggish for a while. imports will also stay weak. it's difficult for japan to avoid trade deficits. >> she says companies need to diversify procurement sources and sales chams to reduce risk. >> translator: japanese firms must readjust the scale of their domestic versus overseas production and avoid concentration in one area or location. >> oshiba says what's important is whether companies are able to produce internationally competitive products after decarbonization advance in the company. she says action by government and company responses are needed to
the deficit was more than 750 billion yen in the month. japan's trade balance has now been in the red for 20 straight months. now, one economist says japan will probably continue to have wide trade deficits. >> translator: there has been a lull in the impact of higher resource costs and the weaker yen. import prices are declining, and those effects are diminishing. slow downs in overseas economies mainly in the united states and europe are widely expected, so i think exports will remain...
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Mar 10, 2014
03/14
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that caused the country to post a record current account deficit in january. ministry officials say the current account deficit in january was about $15.4 billion. it was the fourth straight month that the balance was in the red. and it's the biggest current account shortfall since comparable data was first collected in 1985. they say the main reason was the trade deficit, it swelled to more than $22.7 billion. exports rose more than 16% in yen terms in january from a year ago. imports, though, surged by more than 30%. officials reported that the weaker yen pushed up the value of imported crude oil and liquefied natural gas which are priced in dollars. imports of smartphones and clothing also rose. consumers rushed to buy them before the sales tax increase in april. the data also showed japan's income account had a surplus of nearly $13 billion. japanese companies reported more dividends from their overseas subsidiaries but that wasn't enough to offset the trade deficit. >>> japanese government officials revised downward the latest numbers on the nation's gros
that caused the country to post a record current account deficit in january. ministry officials say the current account deficit in january was about $15.4 billion. it was the fourth straight month that the balance was in the red. and it's the biggest current account shortfall since comparable data was first collected in 1985. they say the main reason was the trade deficit, it swelled to more than $22.7 billion. exports rose more than 16% in yen terms in january from a year ago. imports, though,...
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Dec 20, 2017
12/17
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but what you have seen is a state deficit, astronomical state deficit that other , future presidents after ronald reagan were trying to fight in the 1990's. we all remember u.s. president bill clinton was trying to reduce the deficit. now, there have been other recent experiments in the u.s. state of kansas. the government there has attempted a very similar experiment to that that they are seeing right now of u.s. president donald trump. but did that work? let's have a look. reporter: the midwestern state of kansas was hit hard after financial crisis. after years of sluggish growth, the governor was hoping to kickstart the economy with drastic tax cuts. his administration reduced the income tax and then got rid of it. the state eliminated taxes for farmers, the self-employed, as well as small and medium-sized businesses. gary mason, the owner of an gladly accepted the massive tax cuts. >> probably got about $20,000 worth of equipment. with the state of kansas tax credit for the lowering of taxes for small businesses, it allowed us an opportunity to buy equipment like this. reporter:
but what you have seen is a state deficit, astronomical state deficit that other , future presidents after ronald reagan were trying to fight in the 1990's. we all remember u.s. president bill clinton was trying to reduce the deficit. now, there have been other recent experiments in the u.s. state of kansas. the government there has attempted a very similar experiment to that that they are seeing right now of u.s. president donald trump. but did that work? let's have a look. reporter: the...
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Feb 19, 2020
02/20
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important to point at this i is not a deficit for just one year. it is urgent to find solutions, to find the balance. reporter: the government is responsible for the growing deficit by limiting certain social insurance contributions, like on overtime, or by lowering dues.they have said they will not accept a proposal that sees employees contributing more to close the gap. >> our main goal is measures there is contribution. it simply employees have to pay the deficit, this will not be acceptable. reporter: the pension overhaul has triggered street protests and a long-running transport strike. opponents have accused the government of not being transparent about the proposed reforms. unions say it will rult in lower pensions for some parts of the workforce.e. ststephe the indian congnglomere reliancece iustry y id it t is assessing new u.s. sanctions on a russian oil company which supplies it with venezuelan oil. the u.s. has blacklisted a subseries -- subsidiary of resident -- of rosnet for dealing in venezuelan oil. this makes it a criminal offense
important to point at this i is not a deficit for just one year. it is urgent to find solutions, to find the balance. reporter: the government is responsible for the growing deficit by limiting certain social insurance contributions, like on overtime, or by lowering dues.they have said they will not accept a proposal that sees employees contributing more to close the gap. >> our main goal is measures there is contribution. it simply employees have to pay the deficit, this will not be...
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0.0
Jan 27, 2023
01/23
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deficits have accumulated over the decades. going back to the revolutionary days. we now have a position where the u.s. has borrowed an enormous amount of money from its own people. one third of the debt has now been borrowed from the rest of the world. what sets the u.s. apart from the rest of the world is that the u.s. has reserve currency. countries are willing to lend to the u.s. if they are paid back in u.s. dollars. that gives the u.s. a special privilege which has allowed the u.s. to run a much larger deficit, much larger levels of outstanding debt. >> the whole world is in more debt than ever before. give us an idea as to how the u.s. ranks. >> because the federal reserve board has been going on with interest hikes, the rest of the world, coupled with the impacts from the russian new vision -- russian invasion of ukraine, has seen rise in prices. in the case of south korea, the bank of korea keeps raising interest rates, following the federal reserve board's designation of new interest rates. in general, a lot of countries, especially in the industrialized
deficits have accumulated over the decades. going back to the revolutionary days. we now have a position where the u.s. has borrowed an enormous amount of money from its own people. one third of the debt has now been borrowed from the rest of the world. what sets the u.s. apart from the rest of the world is that the u.s. has reserve currency. countries are willing to lend to the u.s. if they are paid back in u.s. dollars. that gives the u.s. a special privilege which has allowed the u.s. to run...
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May 31, 2018
05/18
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deficits are? economists are actually pretty much in agreement, it has to do with a macroeconomic in balance between domestic sources of saving and the attractiveness of investment. and it happens to be the case that those reasons have nothing to do with protectionism. that what could end up being the case, everybody is poor and the trade imbalances remain. it is getting investment and is saving back into the line, which means the united states would have to start saving more. in particular, the large future deficits should be something that the u.s. congress should worry much more about. helena: those reasons aside, brussels has said it will retaliate. jeans, bourbon, whiskey, motorbikes. it also says it wants to take the case to the world trade organization. it is fair to say that president trump has shown disregard for such institutions. do think that this would be enough to force his hand? irwin: there is no silver bullet in dealing with this administration. so, these are symbolic actions. if t
deficits are? economists are actually pretty much in agreement, it has to do with a macroeconomic in balance between domestic sources of saving and the attractiveness of investment. and it happens to be the case that those reasons have nothing to do with protectionism. that what could end up being the case, everybody is poor and the trade imbalances remain. it is getting investment and is saving back into the line, which means the united states would have to start saving more. in particular,...
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Sep 28, 2016
09/16
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they have been granted an extension twice to reach the deficit targets. kate: blackberry said it will stop designing its own smartphones 14 years after its groundbreaking model was launched. the development will be outsourced to partners. once a market leader, the company has struggled to keep pace with apple and samsung. the chief executive of wells fargo is to forget more than $40 million in pay as he tries to deal with the fallout of the scandal. they were find $180 million by the consumer regulator after staff opened more than two million accounts in customer names without their knowledge. and a deal to combine the two large beer companies cleared a hurdle. regulators around the world have given the green light to the merger already. that's all rom pacifica, this is democracy now! >> no more will they be pawns in the game. amy: prison guards in alabama refuse to show up for work as prisoners across the country are continuing to wage the largest prison work strike in u.s. history. we will speak to a prisoner in solitary confinement in alabama and two o
they have been granted an extension twice to reach the deficit targets. kate: blackberry said it will stop designing its own smartphones 14 years after its groundbreaking model was launched. the development will be outsourced to partners. once a market leader, the company has struggled to keep pace with apple and samsung. the chief executive of wells fargo is to forget more than $40 million in pay as he tries to deal with the fallout of the scandal. they were find $180 million by the consumer...
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May 18, 2018
05/18
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and china says we cannot deliver such a huge tract when comes to the deficit. what they're looking for is smaller concessions, but also remove u.s. to to stopions, and also asking them to change their course, really china wanting to be an innovation leader when it comes to high-tech manufacturing. to stop asking them to change their china has big goals. 2025s the made in china strategy where it wants to be a .owerhouse that is really one of the sticking points. anca: thank you very much for that update. she is referring from beijing. let's see how those trade talk development are affecting the markets. in asia, all major indexes have closed in the green. cheng i close the session up more than 1%. and tokyo saw a boost. europe has been a mixed bag with italy.us mainly on investors have been rattled. there are fears of tightening supply given to u.s. sanctions on the iranian oil industry. brent crude broke the av dollar mark for the first -- the $80 mark for the first time in nearly four years. with wti in the united states slightly above $71. me, the u.s. online
and china says we cannot deliver such a huge tract when comes to the deficit. what they're looking for is smaller concessions, but also remove u.s. to to stopions, and also asking them to change their course, really china wanting to be an innovation leader when it comes to high-tech manufacturing. to stop asking them to change their china has big goals. 2025s the made in china strategy where it wants to be a .owerhouse that is really one of the sticking points. anca: thank you very much for...
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Sep 27, 2022
09/22
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given that we are of course a deficit nation. that means that we are reliant on international savors to really fund the deficit. if they don't like the fundamentals in the u.k. that are lined up for them, they don't have to fund it. that is why sterling has been on the standard path. reporter: this, after the biggest tax cuts in 50 years that will be funded by extra government borrowing. the u.k. chancellor declined to comment on the market's turmoil. >> what will you do about the turmoil in the markets this morning, sir? >> i am not going to make any comment now, thank you. reporter: later in the afternoon, a statement was issued to calm investors emphasizing that unlike friday's announcements, for the rub, policies due in october and november will be assessed by the independent forecasting body. the opposition labor party is here in liverpool at its annual conference. they said they were fanning the flames of a national emergency. >> it gives me great pleasure to introduce our shadow chancellor. sterling is down. that means hig
given that we are of course a deficit nation. that means that we are reliant on international savors to really fund the deficit. if they don't like the fundamentals in the u.k. that are lined up for them, they don't have to fund it. that is why sterling has been on the standard path. reporter: this, after the biggest tax cuts in 50 years that will be funded by extra government borrowing. the u.k. chancellor declined to comment on the market's turmoil. >> what will you do about the turmoil...
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Feb 17, 2017
02/17
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stance to reduce deficit inn trade with china. overall i think the impact is not an impact to the chinese policy should be limited. right now the trade surplus is not a major driver for china's growth. it's below 3% of gdp. the deficit of u.s. from china's input should be even less than that. so it won't hurt china very much. at the same time i'm not so sure it can be positive for the economy, u.s. economy, because testify to reign in the inflationary pressure in the u.s. if these reducing deficits from inputs to china, it's under policy then may not be a good policy for the u.s. >> what about a possible trade war with china? as you know, trump did recognize the one-china principle. that made some people think the u.s. president is softening his foreign policy a bit. how likely is a trade war between the two countries? >> i think the risk of a trade war between the two countries is now rising. but it is still not the baseline scenario in our analysis. i mean eventually the two largest economies in the world need to be realistic. f
stance to reduce deficit inn trade with china. overall i think the impact is not an impact to the chinese policy should be limited. right now the trade surplus is not a major driver for china's growth. it's below 3% of gdp. the deficit of u.s. from china's input should be even less than that. so it won't hurt china very much. at the same time i'm not so sure it can be positive for the economy, u.s. economy, because testify to reign in the inflationary pressure in the u.s. if these reducing...
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Nov 4, 2014
11/14
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it will make it the largest deficit in europe. difficult to do when the economy is stagnant. >> france is expected to register only slow growth and 0.7%, a subdued pace of private consumption, and still contracting. >> eurozone was also revised down to 1.1%. deep-seated structural problems remain. the figure 70 fears that the eu could be headed toward its third recession in seven years. there was some good news. after years of tax rises ireland is forecast to grow 4.6% this year, the fastest rate in the eu. >> let's look at how that news is moving the markets. we have seen the indices turn right at the forecast of the european commission was announced. all of the main markets are trading up. note great movement there on the markets. let's take a quick look at what is happening on the oil markets. oil prices have fallen to a four-year low after reports that saudi arabia is cutting its prices for consumers in the united states. the brent crude index is down 2.5%. the news on what is happening with oil prices. a quick word about alib
it will make it the largest deficit in europe. difficult to do when the economy is stagnant. >> france is expected to register only slow growth and 0.7%, a subdued pace of private consumption, and still contracting. >> eurozone was also revised down to 1.1%. deep-seated structural problems remain. the figure 70 fears that the eu could be headed toward its third recession in seven years. there was some good news. after years of tax rises ireland is forecast to grow 4.6% this year,...
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May 3, 2018
05/18
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deficit. under re research center of the gt last year i mean i mean which exercise last year process now known to exit your your procedures for ss deficit which could help help i'm gonna like when we. were sort t wars as esther strumming your answers on european union a hard hard. forms at home and and further remain its its public finances his parents every species workhorse wanted on. the. the fourth one and the ones we have we have whatever that is often so we must no. be how how we can. make changes. difference right after that. one seven seven six six as senator is. we must not stay windows and central sentient johnson which is on the phone from the public at that. public health activities lining on the ground. you know from france and great britain. ritually say states if you* up filler filter that could be glad that the public debt that is mamaintained enemy of the economy really pretty good and. france over the next three s unions have already rejected those off the results already ren
deficit. under re research center of the gt last year i mean i mean which exercise last year process now known to exit your your procedures for ss deficit which could help help i'm gonna like when we. were sort t wars as esther strumming your answers on european union a hard hard. forms at home and and further remain its its public finances his parents every species workhorse wanted on. the. the fourth one and the ones we have we have whatever that is often so we must no. be how how we can....
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Aug 16, 2017
08/17
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deficit with canada is unrealistic. dealing with the trade deficit is foolish, and it is not included with any other treaty. another could be the chapter 19 mechanism, which allows -- between the u.s., mexico, and canada. process issaid the unfair, but canada and mexico have called for negotiators to resist any move to eliminate this mechanism. the politics could be as much of a hurdle as the economics. next year brings a presidential election in mexico as well as congressional elections into november 2018. both u.s. and mexican leaders will be eager to secure a political victory for their country and begin aggressive negotiation tactics. they hope to reach a deal by early january. claire: turning our attention to kenya, where supporters of the opposition leader are waiting for him to announce his next step in contesting last week's presidential election. he was supposed to speak on tuesday. he said the poll was rigged, and --ction related lie let's election related violence has claimed more than 20 lives. for more on t
deficit with canada is unrealistic. dealing with the trade deficit is foolish, and it is not included with any other treaty. another could be the chapter 19 mechanism, which allows -- between the u.s., mexico, and canada. process issaid the unfair, but canada and mexico have called for negotiators to resist any move to eliminate this mechanism. the politics could be as much of a hurdle as the economics. next year brings a presidential election in mexico as well as congressional elections into...
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Jul 22, 2016
07/16
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the uk has a huge balance of trade deficit. uk has a huge government deficit. and if scotland leaves, which they say they might, that takes a lot of the oil. then you got to leave the oil behind. so england loses a lot of its income at that point. with that develops the city of london, the financial district will come under more and more pressure. the europeans are already saying we're going to take our financial business away from london now. because you're not part of the eu. well, paris orr frankfurt or amsterdam or some place is going to get a lot of that business. the uk is going to be like portugal or poland. these were great countries once upon a time. these were great countries once upon a time. >> rogers believes the effect of the brexit vote may not be immediately felt in asia. but he protects hitting over the region through financial channels. >> it's not going to have much direct effect because most asian countries don't trade that much with the uk now. but when the uk financial problems start hitting all of us, then that has a snow ball effect. in
the uk has a huge balance of trade deficit. uk has a huge government deficit. and if scotland leaves, which they say they might, that takes a lot of the oil. then you got to leave the oil behind. so england loses a lot of its income at that point. with that develops the city of london, the financial district will come under more and more pressure. the europeans are already saying we're going to take our financial business away from london now. because you're not part of the eu. well, paris orr...
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Sep 19, 2017
09/17
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good news.ome namely about the french deficit. it says that according to its numbers, the french deficit will be less than expected. the provisions could make paris and brussels, with a 3% cut off, quite happy. french is deficit was going to gdp in 2017 of its but now, it could go as low as 2.9% this year and 2.6% next year. this is due to the uptick in the french economy and previous budget cuts. next to the macron government may not need to cut as drastically as they thought. french not all the papers have such a rosy view of the economy. some of them are focusing on different austerity measures. yes, focusing on austerity measures -- vocus in on two main areas. they say the macron government is likely to cut the housing and labor ministry since they are on the chopping block. they say they know this because hands onthere confidential, internal letters between ministries and the letters lay out the provisional budgets for the ministries over the next five years. the post has an article about macron posh judicial saga with the pr
good news.ome namely about the french deficit. it says that according to its numbers, the french deficit will be less than expected. the provisions could make paris and brussels, with a 3% cut off, quite happy. french is deficit was going to gdp in 2017 of its but now, it could go as low as 2.9% this year and 2.6% next year. this is due to the uptick in the french economy and previous budget cuts. next to the macron government may not need to cut as drastically as they thought. french not all...
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Jul 24, 2014
07/14
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the deficit in june added up to $8.1 billion. that's the 24th month in a row that the trade balance has been in deficit. >>> get a check of the markets now. investors in asia somewhat encouraged by the latest sign of improvement in china's manufacturing activity. major benchmarks looked like this. we got chinese factory activity in july expanding at its fastest pace in 18 months. this is according to an hsbc survey. the shanghai composite extended its recent winning streak to a three month high. it was up 1.3%. finished at 2,105. investors poured more money into the market on hopes that it would be easier for foreigners to invest in shanghai stocks as cross border trading in equities are expected to start as scheduled. in hong kong, the hang seng index seeing gains as well of .7%, 24,141, a three-year closing high. shares of property developers rose thinking more chinese cities will ease restrictions on house purchases. the nikkei was down .3%, 15,284. investors a bit cautious as they refrained from active buying ahead of corpora
the deficit in june added up to $8.1 billion. that's the 24th month in a row that the trade balance has been in deficit. >>> get a check of the markets now. investors in asia somewhat encouraged by the latest sign of improvement in china's manufacturing activity. major benchmarks looked like this. we got chinese factory activity in july expanding at its fastest pace in 18 months. this is according to an hsbc survey. the shanghai composite extended its recent winning streak to a three...
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Jan 19, 2023
01/23
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japan has posted its biggest annual trade deficit on record. the weaker yen and soaring energy prices were mostly to blame. preliminary data released by the finance ministry shows a trade deficit of almost 20 trillion yen for 2022. that's the equivalent of about $155 billion. the deficit is the largest since comparable data became available in 1979. imports surged nearly 40% in yen terms. costs for crude oil, coal and liquified natural gas were up significantly. the weaker yen contributed to the increase. this out paced an 18% rise in exports. nli research instute says japan's exports to the largest trading partner china fell sharply last year. the analyst says beijing's zero covid policy stalled the economy dealing a heavy blow to shipments. cito says the strong manufacturing industry used to bring in money through increased exports but he says this has become difficult to keep up over the past 30 to 40 years. >> translator: when an economy develops, more services become available and the power of its manufacturing industry gradually deines. t
japan has posted its biggest annual trade deficit on record. the weaker yen and soaring energy prices were mostly to blame. preliminary data released by the finance ministry shows a trade deficit of almost 20 trillion yen for 2022. that's the equivalent of about $155 billion. the deficit is the largest since comparable data became available in 1979. imports surged nearly 40% in yen terms. costs for crude oil, coal and liquified natural gas were up significantly. the weaker yen contributed to...
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Apr 11, 2013
04/13
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. >> the united states president barack obama has unveiled a budget designed to reduce the deficit. the $3.80 trillion spending plan will face intense negotiations in congress. it creates income tax hikes on high earners and deep cuts to social spending. >> if we want to keep rebuilding our economy on a stump or more stable foundation, we have to get smarter about our priorities a more stable foundation, we have to get smarter about our priorities. aboutcally smart solution jobs. -- hasate has waged raised about reducing our deficit and making investments necessary to grow our economy. this budget answers our argument -- that argument because we can do both. we can grow our economy and shrink our deficit. >> tens of millions of dollars been handed to the afghanistan government. in eastern afghanistan, it is hoped that some of the money will end up there. >> the spring thaw means that the overflow of the dam. it has officials here hassled by now. it will be producing power for the province. the decision to upgrade this plant has not turned out as planned. the cost has been astronomic
. >> the united states president barack obama has unveiled a budget designed to reduce the deficit. the $3.80 trillion spending plan will face intense negotiations in congress. it creates income tax hikes on high earners and deep cuts to social spending. >> if we want to keep rebuilding our economy on a stump or more stable foundation, we have to get smarter about our priorities a more stable foundation, we have to get smarter about our priorities. aboutcally smart solution jobs. --...
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Jul 30, 2012
07/12
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that in turn affects the deficit. people are talking, we have to fix this deficit overnight, and are just people who want to take care of the tiny 1% at the top. there's no other reason to do that. >> you write deregulation is one of the trams of america's ruling class, but the middle-class families, the fallout has been devastating. what about retirement and pensions? >> one of the most astonishing statistics that we think we have in the book, since 1985, almost 85,000 pension plans have been killed. in the 1950's, 1960's, 197 is, even early 1980's, more and more people were eligible for pensions, without a specific benefit when he retired. but since the mid-1980s, corporations with the greatest assistance of congress have been shifting people out of pensions into 401k plans. there's nothing wrong with those plants, but they were not seen as pensions. it would shift the responsibility totally to the workers. they would not contribute enough to take their retirement needs as well. what has happened -- this is one of t
that in turn affects the deficit. people are talking, we have to fix this deficit overnight, and are just people who want to take care of the tiny 1% at the top. there's no other reason to do that. >> you write deregulation is one of the trams of america's ruling class, but the middle-class families, the fallout has been devastating. what about retirement and pensions? >> one of the most astonishing statistics that we think we have in the book, since 1985, almost 85,000 pension...
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Sep 27, 2019
09/19
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france will no longer aim for a 2% budget deficit. companies plan to have no deficit at all. france's national debt remains one of the heaviest in europe after italy, with a almost 100%f its gdp. france has one of the highest growth rates among its neighbors, with 1.3%, and germany is expected to snack -- to stagnate. low.ll, growth remains there are concerns linked to brexit. france government found a reason to rejoice. extra inct to raise 2019 due to its new automomatic tax cocollecting system. britishsh strike at airways has cut a hole in the company's profits. profits will be lower than expected. at least 137 million euros. to being profit is due 200 15 million euros lower than predicted. to rein intryingg costs as i it gets deeper into financial turmoil. firey are preparing to ththousands ofmpmploye. key members are set to be dropped after scrutiny over finances. i ipo.d an ambitious european stocks opened higher this morning and have been making gains. london's ftse is up by over 1%. dax is up almost 1%. the pound dropped this mornining after a policymaker said there co
france will no longer aim for a 2% budget deficit. companies plan to have no deficit at all. france's national debt remains one of the heaviest in europe after italy, with a almost 100%f its gdp. france has one of the highest growth rates among its neighbors, with 1.3%, and germany is expected to snack -- to stagnate. low.ll, growth remains there are concerns linked to brexit. france government found a reason to rejoice. extra inct to raise 2019 due to its new automomatic tax cocollecting...
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Dec 19, 2018
12/18
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the deficit would have risen to 2.4% of gdp. the government submitted a fresh spending framework which will reduce the deficit. argued theent spending was necessary to revive the country's economy. restored rome needed to confidence in its economy, but the solution is not ideal. it is the biggest ever public offering of shares in japan. by 14%re price slumped in tokyo. stock market is raising almost 21 billion euros, just shy of by world record set up alibaba. >> some new numbers have come out, showing the french economy took a significant hit from the yellow vest protests. >> they cut growth forecasts because of a slowdown in the business environment. .1% say the protests not off growth. for the whole of 2018, it says the economy would have grown at 1.5%. >> saudi arabia has announced spending plans for the next year. as it moves ahead with plans to diversify its economy away from oil, including up opening up new sectors to privatization next year. >> record spending for saudi arabia. battered by declining oil prices, the kindt
the deficit would have risen to 2.4% of gdp. the government submitted a fresh spending framework which will reduce the deficit. argued theent spending was necessary to revive the country's economy. restored rome needed to confidence in its economy, but the solution is not ideal. it is the biggest ever public offering of shares in japan. by 14%re price slumped in tokyo. stock market is raising almost 21 billion euros, just shy of by world record set up alibaba. >> some new numbers have...
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Feb 11, 2020
02/20
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but i claiming it will go like this, he says the federal budget deficit, roughly $1 trillion a year now, member, trump told us he would pay off the federal doesif you got eight years by projecting this economic growth that nobody sees happening and when it is actually declining, he is able to argue the federal good -- budget deficit wilill go down, l of the p projections show they will go like this but everybody outside the administration. so as my children said when they were little, happy go magic land thinking. amy: let's turn to president trump speaking monday about increasing spending on nuclear weapons. pres. trump: and we are taking good care of our military. we are increreasing spending on our nuclear progogram because we have no chchoice because of what china is d doing, what russia is doing inin particular. so we have a very big nunumber n for that. at the same time, rusussia and china b both want to negotiate with us to stop this craziness of spending billilions and billions of dollars on nuclear weapons. but the only way, until we have that agreement, the only thing i can do
but i claiming it will go like this, he says the federal budget deficit, roughly $1 trillion a year now, member, trump told us he would pay off the federal doesif you got eight years by projecting this economic growth that nobody sees happening and when it is actually declining, he is able to argue the federal good -- budget deficit wilill go down, l of the p projections show they will go like this but everybody outside the administration. so as my children said when they were little, happy go...
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576
Oct 7, 2013
10/13
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huge deficits turn to surplus.
huge deficits turn to surplus.
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Nov 30, 2017
11/17
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there is a clear relationship between the fiscal deficit, when that goes out, the trade deficit goes up. the way this happens is through the increase in the value of the exchange rate. the problem that he is arguing, the trade deficit, he is going to make worse. trade agreements determine which country we have a deficit with. amy: we only have 20 seconds. are you making a bigger point when you say he is unfit to serve? prof. stiglitz: he is particularly unfit to servrve because he approaches these without any view of what the truth is and he approaches these with an enormous amount of prejudice. you cannot begin saying we want to solve the problem when you againstindset that is the mexicans, against islam. amy: do you think he should be impeached? prof. stiglitz: we would then have a problem with mike pence. amy: we're going to leave it there. i want to thank you so much for being with us. nobel prize-winning economist joseph stiglitz. his new book is "globalization and its discontents revisited: anti-globalization in the era of trump." >> the truth of the matter is, the prosecutor c
there is a clear relationship between the fiscal deficit, when that goes out, the trade deficit goes up. the way this happens is through the increase in the value of the exchange rate. the problem that he is arguing, the trade deficit, he is going to make worse. trade agreements determine which country we have a deficit with. amy: we only have 20 seconds. are you making a bigger point when you say he is unfit to serve? prof. stiglitz: he is particularly unfit to servrve because he approaches...